You typically don't fork over any of your paycheck to participate in a defined benefit plan. Your employer does. But you do have to put your own money into a defined contribution plan like a 401(k ...

401(k) plans let you contribute pre-tax earnings, reducing taxable income now in exchange for taxable withdrawals. Defined contribution plans come in varieties like 403(b), 457, and Thrift Savings ...

Johnny Greig / Getty Images A collective defined contribution (CDC) plan is a retirement savings plan in the United Kingdom in which pooled contributions are invested to provide members an income ...

Very few private employers offer pensions nowadays, and most have shifted to defined contribution plans such as 401(k) accounts. Both employees and employers can contribute to 401(k) plans ...